REGISTERED NUMBER: 01039615 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Rexplus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr W C Mundy

Mrs M V S Nelthorpe

Mr W C J Mundy

SECRETARY:

Ms S E Mundy

REGISTERED OFFICE:

15 Newland

Lincoln

Lincolnshire

LN1 1XG

REGISTERED NUMBER:

01039615 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

2,684

-

Investment property

5

710,000

710,000

712,684

710,000

CURRENT ASSETS

Debtors

6

2,657

2,404

Cash at bank

55,517

41,032

58,174

43,436

CREDITORS

Amounts falling due within one year

7

14,792

10,986

NET CURRENT ASSETS

43,382

32,450

TOTAL ASSETS LESS CURRENT LIABILITIES

756,066

742,450

PROVISIONS FOR LIABILITIES

66,031

65,521

NET ASSETS

690,035

676,929

CAPITAL AND RESERVES

Called up share capital

8

100

100

Undistributable P&L reserve

390,594

390,594

Retained earnings

299,341

286,235

SHAREHOLDERS' FUNDS

690,035

676,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr W C Mundy - Director

1.	STATUTORY INFORMATION

Rexplus Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents that are receivable throughout the financial year.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST OR VALUATION

Additions

2,874

At 31 March 2025

2,874

DEPRECIATION

Charge for year

190

At 31 March 2025

190

NET BOOK VALUE

At 31 March 2025

2,684

The directors do not believe that the open market value of the property has changed from the previous valuation.

The directors do not believe that the open market value of the property has changed from the previous valuation.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

710,000

NET BOOK VALUE

At 31 March 2025

710,000

At 31 March 2024

710,000

The directors have considered the valuation of the properties and believe the fair value of the properties at the year end represents a fair true value.

Fair value at 31 March 2025 is represented by:

£

Valuation in 1999

179,678

Valuation in 2003

83,335

Valuation in 2014

150,000

Valuation in 2017

50,000

Valuation in 2020

50,000

Valuation in 2021

33,103

Valuation in 2023

(100,000

)

Valuation in 2024

10,000

Cost

253,884

710,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

253,884

253,884

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,657

2,404

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,649

6,108

Other creditors

12,143

4,878

14,792

10,986

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100